Northwest CEO suggests the right merger deal could be beneficial
MINNEAPOLIS (AP) -- The chief executive of Northwest Airlines says his carrier could benefit from a merger -- if it's the right deal.
Doug Steenland sent an internal memo to employees Friday saying his airline's board and management team would analyze any deal carefully. His comments came as the board of Delta Air Lines met to discuss a possible merger.
Steenland says "the right transaction could be of benefit to our employees, our shareholders and the communities we serve."
He didn't say whether Delta had approached Northwest.
Delta officials were mum on the outcome of Friday's meeting.
Two people familiar with the situation say Delta's board was expected to be asked to allow formal talks between Delta, Northwest and United Airlines, with the idea that Delta would ultimately choose to combine with one of them.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
